Posted by Jim Hoft on Monday, August 8, 2011, 5:31 AM

for the first time in history U.S debt was downgraded. The Left still denies that President Obama has a lot of responsibility for this situation, instead laying blame on Republican refusal to raise taxes on the rich.

As I have written previously, it is dishonest to give voters the impression that tax increases on the rich is a solution to the deficit. In the latest projection by the Congressional Budget Office, the ten year deficit is estimated at 13 trillion dollars. By contrast, Obama’s various tax increases on the rich will only bring in 1 trillion in the same period.

The 13 trillion dollar deficit which the President helped create and long terms entitlement deficits are the main reason why S&P downgraded U.S debt, not the 1 trillion in tax increases which Republicans prevented…

…Let me illustrate how much of a departure from history the Obama Presidency represents in terms of spending. I will graph non-defense federal spending as a share of GDP since 1975.

That’s not all…
The long-term unemployment rate under Obama also forms a hockey stick.
(EOAD)

And don’t forget… The deficit under Obama also looks like a hockey stick.
Obama tripled the deficit when he came into office.
The Obama deficit this year is expected to reach $1.29 trillion. (The Captain’s Comments)

Sam Stone commented:

Well, regardless of who is to blame, and there is enough to go around, this president is the first in my memory who has accepted none of it. Not one tiny bit. America has now seen the not only the first black president, but because of him perhaps the last black president and the FIRST who is will not be held responsible for anything during his regime.

Valerie commented:

OT – there have been riots in London, ostensibly over an exchange of gunfire that left a man dead, and the newspaper did not carry the dead man’s name. I looked it up, it was Mark Duggan. Roundup, here.

CoolCzech commented:

bg commented:

[That having been said, Obama has been serving up softballs to the special interests in Washington, so his earned run average may actually wind up being worse than his predecessor's. He promised change, but it appears that Obama wants to be Bush on steroids.]

got an update??

when is it appropriate for Obama to stop passing the bUCK/bLAME,
2012?? 2016?? when does he act presidential, ergo, responsible??